XML 33 R21.htm IDEA: XBRL DOCUMENT v3.24.1.u1
OTHER COMPREHENSIVE INCOME (LOSS)
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
OTHER COMPREHENSIVE INCOME (LOSS) OTHER COMPREHENSIVE INCOME (LOSS)
The following table presents the tax effects allocated to each component of other comprehensive income (loss):
20242023
Before tax amountIncome tax (expense) benefitNet of tax amountBefore tax amountIncome tax (expense) benefitNet of tax amount
Three months ended March 31,
Available for sale investments:
Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has not been recognized $(76,408)$16,349 $(60,059)$153,851 $(19,284)$134,567 
Unrealized gains (losses) arising during the period for which an allowance for expected credit losses has been recognized (434)16 (418)14,950 (1,328)13,622 
Adjustment for reclassification of net realized (gains) losses and impairment losses recognized in net income (loss)
24,879 (1,464)23,415 44,121 (3,371)40,750 
Unrealized gains (losses) arising during the period, net of reclassification adjustment
(51,963)14,901 (37,062)212,922 (23,983)188,939 
Foreign currency translation adjustment(8,951)— (8,951)(535)— (535)
Total other comprehensive income (loss), net of tax
$(60,914)$14,901 $(46,013)$212,387 $(23,983)$188,404 

The following table presents details of amounts reclassified from accumulated other comprehensive income (loss) ("AOCI") to net income (loss):
Amount reclassified from AOCI(1)
AOCI ComponentsConsolidated statement of operations line item that includes reclassification adjustmentThree months ended March 31,
20242023
Unrealized gains (losses) on available for sale investments
Other realized gains (losses)
$(24,871)$(44,121)
Impairment losses(8)— 
Total before tax(24,879)(44,121)
Income tax (expense) benefit1,464 3,371 
Net of tax$(23,415)$(40,750)
(1)     Amounts in parentheses are charges to net income (loss).